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Roman Karkosik, Poland’s sixth-richest man according to Forbes’ 2012 annual ranking, may be preparing to
enter the Mongolian market in search of raw materials. The foray would be made possible thanks to a number of M&As that
the businessman has made or plans to make.
Citing unnamed sources, daily Puls Biznesu reported that Mr Karkosik was mulling the acquisition of WSE-listed
Dolnośląskie Surowce Skalne (DSS), a leading Polish crushed aggregate supplier for Poland’s roads and motorways.
As part of its own expansion strategy, DSS acquired a concession in Mongolia’s Gobi Desert and a 100 percent stake
in a Mongolian company in July 2011. DSS is hoping to find rare earth metals, commonly used in electronic devices,
military guidance systems, wind turbines and solar panels.
According to Puls Biznesu, Mr Karkosik’s acquisition of PBG at the end of February would give him an advantage in
the search for such resources in Mongolia. PBG, a Polish contractor providing domestic and foreign geophysical
exploration services for oil and gas, minerals, and geothermal sources, has in the past been engaged in projects in
Libya, Tunisia, and more recently in the Philippines.
Mr Karkosik owns over half the stock in WSE-listed Boryszew, one of Poland’s largest industrial groups.
From Warsaw Business Journal by Alice Trudelle